Act 35 of 1972

The Delhi Co-operative Societies Act, 1972

An Act to consolidate and amend the law relating to co-operative societies in the Union territory of Delhi.

  • Ministry of Agriculture and Farmers Welfare
  • Department of Agriculture, Cooperation and Farmers Welfare
  • Enacted 1972-06-17
  • 98 sections
SectionTitle
1 Short title, extent and commencement. Read
2 Definitions. Read
3 Registrar. Read
4 Societies which may be registered. Read
5 Restrictions on registration. Read
6 Restrictions on holding of shares. Read
7 Application for registration. Read
8 Power of the Registrar to decide certain questions. Read
9 Registration. Read
10 Registration certificate. Read
11 Amendment of bye-laws of a co-operative society. Read
12 When amendments of bye-laws come into force. Read
13 Change of name. Read
14 Change of liability. Read
15 Amalgamation, transfer of assets and liabilities and division of co-operative societies. Read
16 Power to direct amalgamation, division and reorganisation in public interest etc. Read
17 Registrar to prepare scheme of amalgamation of co-operative bank in certain cases. Read
18 Liability of a co-operative bank to the Deposit Insurance Corporation. Read
19 Cancellation of registration certificates of co-operative societies in certain cases. Read
20 Persons who may become members. Read
21 Nominal or associate members. Read
22 Member not to exercise rights till due payment made. Read
23 Votes of members. Read
24 Manner of exercising vote. Read
25 Restriction on transfer of shares or interest. Read
26 Transfer of interest on death of members. Read
27 Liability of past member and estate of deceased member. Read
28 Final authority in a co-operative society. Read
29 Annual general meeting. Read
30 Special general meeting. Read
31 Election and nomination of members of committees. Read
32 Supersession of committee. Read
33 Securing possession of records, etc. Read
34 Acts of co-operative societies not to be invalidated by certain defects. Read
35 Co-operative societies to be bodies corporate. Read
36 First charge of co-operative society on certain assets. Read
37 Charge on immovable property of members borrowing loans from certain societies. Read
38 Charge and set-off in respect of share or contribution or interest of members. Read
39 Share or contribution or interest not liable to attachment. Read
40 Register of members. Read
41 Admissibility of copy of entry as evidence. Read
42 Exemption from compulsory registration of instruments. Read
43 Exemption from certain taxes, fees and duties. Read
44 Deduction from salary to meet co-operative society's claim in certain cases. Read
45 Other forms of State aid to co-operative societies. Read
46 Funds not to be divided by way of profit. Read
47 Contribution to charitable purpose. Read
48 Contribution to Co-operative Education Fund. Read
49 Investment of funds. Read
50 Restrictions on loans. Read
51 Restrictions on borrowings. Read
52 Restrictions on other transactions with non-members. Read
53 Audit. Read
54 Inspection of societies. Read
55 Inquiry by Registrar. Read
56 Inspection of books of indebted societies. Read
57 Costs of inquiry. Read
58 Recovery of costs. Read
59 Surcharge. Read
60 Disputes which may be referred to arbitration. Read
61 Reference of disputes to arbitration. Read
62 Power of financing bank to proceed. Read
63 Winding up of co-operative societies. Read
64 Winding up of co-operative banks at the direction of the Reserve Bank. Read
65 Reimbursement to the Deposit Insurance Corporation by the liquidator. Read
66 Liquidator. Read
67 Powers of liquidator. Read
68 Priority of contributions assessed by liquidator. Read
69 Power of Registrar to cancel registration of a co-operative society. Read
70 Enforcement of charge. Read
71 Execution of orders, etc. Read
72 Execution of orders of liquidator. Read
73 Attachment before award. Read
74 Registrar or person empowered by him to be civil court for certain purposes. Read
75 Recovery of sums due to Government. Read
76 Appeals. Read
77 No appeal or revision in certain cases. Read
78 Delhi Co-operative Tribunal. Read
79 Review of orders of Tribunal. Read
80 Revision. Read
81 Interlocutory orders. Read
82 Offences. Read
83 Cognizance of offence. Read
84 Address of societies. Read
85 Copy of Act, rules and bye-laws, etc., to be open to inspection. Read
86 Prohibition against the use of the word "co-operative". Read
87 Power to exempt societies from conditions as to registration. Read
88 Power to exempt co-operative societies from provisions of the Act. Read
89 Liquidator to be public servant. Read
90 Notice necessary in suits. Read
91 Companies Act not to apply. Read
92 Saving of existing societies. Read
93 Bar of jurisdiction of courts. Read
94 Powers of civil court. Read
95 Indemnity. Read
96 Qualifications, remuneration and other conditions of service of employees of co-operative societies. Read
97 Rules. Read
98 Repeal and savings. Read
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